Education (no not the degree) is the
gateway to differentiating yourself from the crowd and constantly improving
yourself so you can adapt and evolve with the ever changing world. The internet
has awesome stuff.

Khan Academy and Coursera are great places to
explore.

If you are an Indian, subramoney.com is a good place to learn a lot -- and there are enough links to
the outside finance world. Make a start, today. Empower yourself.

8. Do something which others will love to pay you for.

Create health or / wealth for people.

Take away their worries. Keep them happy.

Yes, you have to make a living, but put clients'
interests first. Always!

Make sure you have auto bill pay set-up and
automatically transfer funds from a savings account to an investment account on
a monthly basis.

Automate your investment account in a systematic
investment plan and don't get caught up in the allure of 'stock picking',
'market timing' and trying to become the next investing billionaire.

Reduce your taxes & fees as best you can.
This means taking a long-term perspective with your investments (at least 60
months plus) and never paying for high fee investment accounts and managers.

10. Stop spending money on useless 'stuff'!!

It's not possible that all the stuff you're
buying is making you happier.

In fact, it's perhaps putting a strain on your
financial budget.

It is surely POSTPONING your financial freedom.

Do not spend to impress your friends and your
neighbours.

You're not winning any brownie points or gold
stars for owning things you can't afford.

11. Get sensible amounts of medical and pure term life insurance. Understand first, then, buy.

12. Be as debt light as possible.

If you must borrow, let it be only for a house.
That too about 50% of the cost of the
house, not 110% as the BFSI wants you to borrow.

Remember 2008 crisis? It started in the mortgage
market. We are heading there again! Now!

About the author..

Mr. P
V Subramanyam, a Chartered Accountant by qualification and a financial trainer
by profession. Writing comes from the reading that he do.

After a 15 year career serving in the trenches
of the financial services industry – from Equity broking, mutual fund advising,
corporate finance advising, personal financial planning, he turned to training.
He have been in the training profession for the past 17 years.

He have
done upwards of 50 training sessions on ‘Finance for Non Finance companies’ –
across manufacturing companies, BPOs, NBFCs, as well as open programs for
training companies. This gives a broad view of the accounting, costing and cash
flow concepts. The people who attend have ranged from operations, HR and sales
managers.

He have trained in most mutual funds, life
insurance companies, private sector banks, brokerage houses, and many
companies. He also conduct financial planning workshops within corporate India,
helping employees save better, invest better, equipping smart people with the
tools to get richer.

12 Money Lessons to Create Wealth...!
Reviewed by S. Chitra
on
September 24, 2016
Rating: 5 12 Money Lessons to Create Wealth...! By Mr. P V Subramanyam, S ubramoney.com This is a post that should be read by all those above ...